Which tranche absorbs the first losses of the portfolio in a securitization?
Which structure holds receivables and issues asset-backed securities in France?
Which mechanism ensures that the value of the underlying assets exceeds the amount of securities issued?
What type of security issued by an FCT represents ownership units of the fund?
The Senior tranche of a securitization is generally rated AAA or AA and presents the lowest risk.
STS-labelled (Simple, Transparent, Standardized) securitizations have benefited from favorable prudential treatment since January 1, 2019.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Types of structuring
Credit enhancement mechanisms
Potential risks
Overcollateralization
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